Bounced Cheque File

Information in this file should be submitted by the payee bank that bounced the cheque. The data submitted refers to cheques bounced due to insufficient funds or linked to fraud. As per the CIS Regulations, cheques to be submitted are only those meant for settlement of credits in favor of institutions.

 

Bounced cheque data is often a valuable indicator of credit risk and could be useful as part of the assessment of the Consumer.

This file is non-mandatory and is only if the lender has this information available.

Quick Stats

File Name: Bounced Cheque

File Code: BC

No of columns: 20

Mandatory: 14

Conditional: 3

Optional: 3

Update frequency: Monthly

Dependencies: none

DSTv 4.1 Pages 54-55

Sample File

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